Sinograin to Sell 61,820 Tons of Soybean Stockpile, Center Says

By Bloomberg News

July 14 (Bloomberg) -- The China Grain Reserves Corp., or Sinograin, will sell 61,820 metric tons of soybeans from its stockpiles, the state-backed China National Grain and Oils Information Center said.

Sinograin will sell 3,393 tons of domestic soybeans produced in 2005, 30,000 tons from 2006, 15,000 tons from 2005/06 and 13,427 tons produced in 2007, the center said in an e-mailed report today. The company will sell the soybeans at market prices in Heilongjiang, Inner Mongolia, Shandong, Jiangsu and Zhejiang, it added.

--Feiwen Rong. Editor: Wendy Pugh

To contact Bloomberg News staff for this story: Feiwen Rong in Beijing at +86-10-6649-7563 or frong2@bloomberg.net;